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Thailand Cannabis Crackdown: Rural Farmers Face Economic Crisis

by Lucas Fernandez – World Editor July 15, 2025
written by Lucas Fernandez – World Editor

The Thai government‘s recent decision to tighten regulations on cannabis sales and distribution is poised to significantly impact rural communities and the burgeoning cannabis industry. This shift is expected to lead to a decrease in demand and widespread unemployment.Farmers in mountainous regions, notably those from the Hmong community, are concerned about being forced to revert to less profitable and more environmentally damaging crops. Conventional corn cultivation, which often involves burning crop residue after harvest, contributes to air pollution in northern Thailand.

Despite these challenges, Chokwan Kitty Chopaka, president of the cannabis advocacy group Writing Tylands Cannabis Future, remains optimistic that rural communities will continue cultivating cannabis. She expressed hope that the hmong people, who have historically preserved cannabis seeds, will maintain this practice.

July 15, 2025 0 comments
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US President Trump is irritated – the critical phase of negotiations to negotiate tariff imposition

by Chief editor of world-today-news.com July 13, 2025
written by Chief editor of world-today-news.com

Trump Administration Signals Impatience with Trade Negotiations, Threatens Unilateral Tariffs

The Trump administration is reportedly growing impatient with ongoing trade negotiations, indicating a willingness to abandon lengthy discussions and unilaterally impose tariff rates.This shift in approach could lead to a new wave of tariffs,similar to those that previously disrupted markets upon their announcement.

For nations engaged in trade with the United States, the administration’s hard-line stance presents a stark choice: comply with demands or face retaliatory measures. President Trump has publicly stated his preference for setting tariff rates unilaterally, with the primary constraint being the counsel of patience from advisors like Commerce Secretary Wilbur Ross.

In a recent interview, Ross acknowledged the possibility of Trump proceeding with tariffs as planned, even in the absence of further concessions. “The question is whether Trump will accept what is presented. Will the concessions be made even a little more, and what’s inside?” Ross stated, adding, “In the worst case, he’s well prepared to impose tariffs as is.”

The market has often anticipated Trump to back down at the last minute, a perception he has reportedly sought to counter. He has expressed dissatisfaction with the notion of “TACO (Trump Always Chickens Out)” trade, emphasizing that recent extensions of negotiations would be final.

Moreover, the administration has been considering critically important tariff increases on specific goods. Reports indicate a potential 50% tariff on copper imports, which could affect a wide range of related products, scheduled to take effect from August 1st. Additionally, a 200% tariff is reportedly being considered for pharmaceuticals.

Original title: Trump Patience on Tariffs Runs Thin as Nations jostle for Deals (excerpt)

July 13, 2025 0 comments
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LME Copper suddenly ends supply tightness – Trump’s 50% tariff declaration – Bloomberg

by David Harrison – Chief Editor July 10, 2025
written by David Harrison – Chief Editor

Copper Market Reacts to Impending US Tariff

Prices Fall as **Trump** Administration Policy Nears Implementation

A proposed 50% tariff on copper imports by the **Trump** administration is already impacting markets, leading to a contraction in opportunities for profit and a shift in global copper dynamics.

Key Development

The anticipation of tariffs has diminished the profitability of capitalizing on price discrepancies between the United States and London markets. Due to shipping times from Europe and Asia, there’s increased risk of shipments arriving after the tariffs take effect.

The London Metal Exchange (LME) witnessed a significant reduction in major spreads after a period of stock depletion caused by increased shipments to the U.S.

LME Price Decline

Notably, at the LME, copper spot prices have dipped below three-month prices, marking the first such occurrence in approximately a month. This shift signals a rapid decrease in demand for copper inventory within LME-designated warehouses. Furthermore, the spread (tomness spread) for next-day and subsequent-day items has turned negative.

Copper prices chart

Market Impact

On July 9th, LME copper prices concluded trading at $9,630.50 per ton, reflecting a 1.6% decrease from the previous trading day. Recent data from the U.S. Geological Survey indicates that the average annual growth rate of refined copper consumption has been about 3.1% in recent years (USGS, 2024).

The impending tariff has led to a rapid unwinding of the previously tight copper supply situation, which had been fueled by expectations of rising prices in the U.S. market.

July 10, 2025 0 comments
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Trump Tariffs: Japan Market Braces for Worst-Case Scenario

by Chief editor of world-today-news.com July 2, 2025
written by Chief editor of world-today-news.com

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trump’s Tariff Threats Against Japan Spark Market Concerns Over Trade Agreement

Table of Contents

  • trump’s Tariff Threats Against Japan Spark Market Concerns Over Trade Agreement
    • trump’s Stance on japanese Trade
    • Potential Economic Impact on Japan

United States President Donald Trump is escalating trade tensions with Japan, hinting at potential tariffs as high as 35%.This declaration has sent ripples through financial markets, raising concerns about a potential trade war and the impact on the Japanese economy. Market analysts are increasingly worried about the worst-case scenario, and doubts are rising about the effectiveness of the Japanese government’s negotiation strategy.

trump’s Stance on japanese Trade

On July 1st, Trump amplified his stance, suggesting that additional tariffs, which are set to be re-evaluated on July 9th, could surpass the initial 24% figure. He stated that the U.S. faces a significant trade deficit with Japan and is considering imposing tariffs of “30%, 35%, or numbers that we decide” [1]. Trump also expressed skepticism about reaching an agreement, characterizing Japan as “very formidable” and “very spoiled.”

Did You Know? Japan is the fourth-largest goods trading partner with the United States, with $252.4 billion in total (two way) goods trade during 2023.

Potential Economic Impact on Japan

The Japanese economy is particularly vulnerable to automobile tariffs,as the automotive industry accounts for approximately 10% of the nation’s Gross Domestic Product (

July 2, 2025 0 comments
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World

Eiffel Tower Closed: Europe Heatwave Warnings – Bloomberg

by Lucas Fernandez – World Editor July 2, 2025
written by Lucas Fernandez – World Editor

Europe Scorches Under Historic heatwave: Warnings Issued, Records Broken

paris, France – July 2, 2025 – Europe is bracing for a peak in a relentless heatwave sweeping across the continent, fueled by hot air originating from the Sahara Desert. Temperatures are soaring to unprecedented levels, prompting warnings from France to the Swiss Alps and placing immense strain on infrastructure and public health.

Record-Breaking Temperatures & Restrictions

Paris is currently experiencing daytime highs of 41°C (106°F), leading to the closure of the Eiffel Tower’s top floor for two days as a safety precaution. The heatwave, which began on June 19th, has triggered alerts for Paris and 15 additional French provinces. Further south, the Iberian Peninsula is facing even more extreme conditions, with forecasts predicting temperatures reaching 43°C (109°F) in parts of Spain. Portugal is also sweltering, having already recorded a staggering 46.6°C (115.9°F) in Beja on June 29th – the highest June temperature ever documented in the country.

Even London is expected to reach 34°C (93°F) today, though a slight cooling trend is anticipated tomorrow.

widespread Alerts & Public safety

As of today, July 2nd, 2025, french authorities have issued red alerts – the highest level of warning – for 16 departments, and orange alerts for 67 others. These alerts signify a very high risk of perilous heat impacts. (See Vigimetéofran‘s latest update: https://t.co/JGz4rTUvHP).

Climate Change & Future outlook

Experts attribute the increasing intensity and frequency of these heatwaves to climate change, which is warming the European continent at a faster rate than any other region globally. This escalating heat poses a significant threat to millions, straining power grids and exacerbating health risks. The current heatwave is also contributing to extreme weather events across Europe, including severe storms and devastating wildfires.

Stay Informed & Take Precautions

Residents and tourists are urged to stay hydrated, seek shade during peak hours, and check on vulnerable individuals. For the latest updates and safety advice, consult your local weather authorities.

[CTA: Sign up for our World Today News climate change newsletter for ongoing coverage and analysis.]

July 2, 2025 0 comments
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Economy Revitalization Minister Akazawa extends US stay to further tariff negotiations – NHK – Bloomberg

by David Harrison – Chief Editor June 28, 2025
written by David Harrison – Chief Editor

Japan-US Trade Talks Extended Amidst Tariff Concerns

Negotiations over import duties continue as deadline looms.

Trade discussions between Japan and the United States are ongoing, with a crucial deadline for tariff suspensions approaching. The talks, led by Japanese Minister of Economic Revitalization Akazawa Ryomasa, focus on automobiles and other key sectors, potentially impacting global trade dynamics.

Negotiations Extended

Akazawa has decided to prolong his visit to Washington for additional talks concerning tariffs, as reported by NHK, according to a government official. Originally scheduled to conclude on the 29th, the minister’s stay will now be extended.

Breaking: Minister of Economic Revitalization Akazawa Ryomasa extends Washington trip for further tariff talks with US officials. Focus on automobiles and import duties. #JapanUS #Trade

— World Today News (@WorldTodayNews) June 28, 2025

“There may be a possibility of an extension, but that is something the president will decide.”

—Levitt, White House Press Secretary

The additional tax rate on imported goods could soon rise to 24% on July 9th. In 2024, the US trade deficit with Japan was $68.6 billion, underscoring the stakes (US Census Bureau).

Tariff Details

The current discussions are the initial ministerial-level meeting since the G7 Summit in Canada. Akazawa met with U.S. Secretary of Commerce Latnic on the 27th. The discussions also involve Treasury Secretary Bescent.

Trade routes between Japan and the United States.

With the deadline drawing near, the future of the tariff rates remains uncertain. Further developments are anticipated as both nations continue their negotiations.

June 28, 2025 0 comments
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